Commodity Futures Forecasts: May 20, 2016 - May 27, 2016
Evgeny Ilyukhin | May 21, 2016 12:45PM ET
This article aims to provide price forecasts for commodity futures for May 27, 2016.
The table below shows the weekly commodity futures prices in US dollars over the period from April 22, 2016 to May 20, 2016 (commodity exchanges data) and forecasted period - May 27, 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics and names of exchanges are provided.
Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on relevant weekly historical data.
It is advised to use forecasted values for identifying the short-term price trends over the period firstly.
The notable positive changes are expected for Soybean Meal (5.51%) and Heating Oil (3.39%).
Orange Juice (-4.59%), Rough Rice (-2.95%) and Sugar (-2.93%) will likely close in “red” on May 27, 2016.
On the group level, only energy commodities (0.96%) are expected to grow a bit by the end of the next week.
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